Add the loan you have
Upload the sanction letter or type the outstanding amount, rate and months left. Two minutes.
Personal loans
Compare personal loans, then actually switch.
Every lender on the panel that will beat the rate you are on, with the real EMI, the real processing fee and the real net saving. Zero fees to you.
EMI calculator
What a new personal loan would cost.
Monthly EMI₹13,389for 48 months
Principal₹5,00,000
Total interest · 22.2% of total payable₹1,42,669
Total amount payable₹6,42,669
Calculated on a reducing balance basis
Just 2% lower on this loan saves you ₹23,542 in interest. Frivo finds lenders who will do that.
Check Loan Offers Indicative rates
What each route costs
| Route | Rate | Tenure |
|---|---|---|
| Bank personal loan | 10.5% to 16% | 12 to 84 months |
| NBFC personal loan | 12% to 24% | 12 to 60 months |
| Loan against fixed deposit | 1% above FD rate | Up to FD maturity |
| Loan against securities | 9% to 12% | Rolling, 12 months |
| Credit card revolve | 36% to 48% | No fixed tenure |
Indicative ranges across lending partners, not an offer.
Eligibility and documents
What you need to have ready
Who usually qualifies
Salaried, 23 to 58, in a metro or tier one city, with a net monthly salary credited to a bank account and at least six months at your current employer. Most lenders look for a bureau score of 700 and above, and some will go to 650.
Documents
PAN, Aadhaar, three months of salary slips, six months of bank statements, and your existing loan's sanction letter or foreclosure statement if you are switching. All uploaded in the app. No branch visit.
How to apply
Four steps
Offer Selection
A soft check, then every eligible offer with EMI, fees and net saving, sorted by what you keep.
Complete KYC
Submit the required documents on the lenders platform and accept the terms and conditions.
Loan Disbursal
Once e-sign is complete, the funds get disbursed to your primary bank account within 30 minutes.
Personal loan FAQ
Before you apply.
What is the lowest rate I can get?
Depends on the lender, your score, your employer and your existing obligations. Salaried applicants with a score above 750 at large employers see the bottom of the bank range. Frivo shows your actual offers, not the advertised floor.
Can I take a top-up instead of a new loan?
Sometimes. If your current lender offers a top-up at a good rate, Frivo shows it alongside the balance transfer offers so you can compare like for like.
What does a balance transfer cost?
Your old lender may charge a foreclosure fee, typically 2 to 5 percent on a fixed-rate personal loan, and the new lender may charge a processing fee of 1 to 3 percent. Frivo deducts both before showing your net saving. Floating rate loans usually have no foreclosure fee.
How long does disbursal take?
Offers in minutes. Once you accept and upload documents, most lenders sanction within 1 to 3 working days. Closing the old loan takes longer, usually 7 to 21 working days, because it depends on the old lender.
I am self-employed. Can I apply?
Some lenders on the panel accept self-employed applicants with two years of ITR and business bank statements. The offer set will be smaller. Frivo tells you upfront rather than after the paperwork.
Is my data shared with every lender?
No. Frivo runs the soft check itself. Your documents go only to the lender you choose, and only after you choose.